19 Jun 2014
EUR/USD breaks above 1.3600
FXStreet (Córdoba) - The EUR/USD gathered momentum at the European opening and rise through the 1.3600 mark, triggering stops on the move and accelerating to a fresh 10-day high.
The EUR/USD rallied to a high of 1.3627 in a bout of USD selling. The USD weakened Wednesday after the Fed sounded more dovish than expected, and it is extending losses as European traders join the market. At time of writing, the EUR/USD is trading at the 1.3615 area, up 0.15% on the day.
EUR/USD levels to watch
As for technical levels, to the upside, next resistances are seen at 1.3627 (Jun 19 high), 1.3662 (200-day SMA) and 1.3700 (psychological level). To the downside, supports could be found at 1.3573 (10-day SMA), 1.3535 (Jun 17 low) and 1.3500 (psychological level).
The EUR/USD rallied to a high of 1.3627 in a bout of USD selling. The USD weakened Wednesday after the Fed sounded more dovish than expected, and it is extending losses as European traders join the market. At time of writing, the EUR/USD is trading at the 1.3615 area, up 0.15% on the day.
EUR/USD levels to watch
As for technical levels, to the upside, next resistances are seen at 1.3627 (Jun 19 high), 1.3662 (200-day SMA) and 1.3700 (psychological level). To the downside, supports could be found at 1.3573 (10-day SMA), 1.3535 (Jun 17 low) and 1.3500 (psychological level).